Section 25 of Negotiable Instruments Act - When day of maturity is a holiday

Section 25 Negotiable Instruments Act Description

When the day on which a promissory note or bill of exchange is at maturity is a public holiday, the instrument shall be deemed to be due on the next preceding, business day.



Explanation. The expression "public holiday" includes Sundays and any other day declared by the Central Government, by notification in the Official Gazette, to be a public holiday.

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